21June2018

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The UK's first challenger bank to be completely 'born in the cloud' has been named as the Banking Launch of the Year at a prestigious awards ceremony.

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Ten years on from the global financial crisis, the boss of a Hertfordshire-based bank says "lessons of the past need to be learned" before the UK can move on from a "decade of doom and gloom."

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Based in the heart of Letchworth Garden City, Redwood Bank has become the first business bank to have its head office located in Hertfordshire. Recently launched in August, the bank aims to offer a real alternative for small and medium sized organisations looking to make their properties and cash work harder for them.

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